Loup Ventures, a Minneapolis, MN-based early stage venture capital firm, has officially launched.
The first fund has a target of $20m.
Co-founded by Managing Partners Douglas Clinton, Andrew Murphy and Gene Munster, the firm invests in virtual reality, augmented reality, artificial intelligence and robotics startups at the seed stage.
Clinton and Munster were Research Analysts at Piper Jaffray while Murphy was a Marketing Manager at Ecolab.
To explain the research-driven philosophy behind Loup, the firm today published its manifesto including the analysis and estimates of the above mentioned markets in which it intends to invest.